Loan Covenant Tracking

Loan Covenant Tracking

With the changing lending environment over the last 10 years, commercial loan covenants have become a critical risk management tool. As a result, examiners and auditors expect to see a formal covenant tracking approach with proper controls and reporting in place. The ARCS Loan Covenant Tracking module provides a full-featured solution that eliminates spreadsheets and highlights covenant exceptions with the click of a button. Features include:

Bank defined covenant definitions and rules

Covenant reviews with custom approval workflows

Historical covenant tracking and reporting

Ability to waive non-compliant covenants

Support for attachments

Instant compliance reporting

Loan Level Covenant Tracking

See the current status of a specific loan’s covenants from the working file.